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AI & Enterprise

KT aims for turnaround with 'AI for Everyone'

KT, which failed to make the elite team in the government's domestic AI foundation model project, is seeking a turnaround through the government-led 'AI for Everyone' initiative. The project focuses on delivering AI chatbot and public AI agent services for nationwide use, requiring stable operations and the ability to connect multiple domestic models. KT has formed a consortium that includes AI model, infrastructure and platform firms and consumer-facing service operators such as Daum, Musinsa and Zigbang.

Fintech

MyData market to expand as fintech eyes AI loans and finance groups focus on data sharing

Korea’s Financial Services Commission plans to expand MyData beyond individuals to include sole proprietors and small merchants, and to introduce a “My AI Agent” that can carry out financial actions on users’ instructions. The overhaul would integrate financial, commercial and public data for sole proprietors, including sales and tax information. Fintech firms are looking at AI-driven loan execution, while financial groups are focusing on sharing personal credit data among affiliates under revised rules.

Industry

CXMT, YMTC supply push may reshape DRAM and NAND market

China's ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC) are expanding production capacity using funds raised through initial public offerings, a move expected to affect the commodity memory market led by Samsung Electronics and SK Hynix. Industry estimates show CXMT and YMTC capacity rising sharply through 2028, with CXMT posting strong revenue and profit. Analysts expect further share gains, while Korean makers respond with process transitions.